Comparison

Side-by-side payments and cash to close

Lowest monthly: Current Market Conventional

Total monthly

Payment stack including taxes, insurance, and HOA

Cash to close

Down payment / equity bring-to

Detail
Assumable Loan
Assumable · FHA
Current Market Conventional
New · Conventional
Loan amount$166,523$73,125
Remaining term (yrs)23.930.0
Secondary amount$0$0
Funding fee$0$0
Note rate2.940%7.400%
Blended rate3.790%7.640%
1st payment$804.74$506.30
2nd payment$0.00$0.00
Taxes / mo$26.92$26.92
Insurance / mo$150.00$150.00
MI / mo$136.25$14.63
HOA / mo$0.00$0.00
Total monthly$1,117.91$697.84
Cash to close$0$8,125